January 19, 2009
Video
An Economist’s Perspective: Three Major Construction Industry Stories for 2009
CanaData chief economist Alex Carrick tells us, from an economist’s standpoint, what the top construction stories of 2009 will be.
Here’s a brief countdown of each of the stories, beginning with number three and ending with Carrick’s pick for the top construction story of 2009.
Number Three: The growth in private-sector construction.
Number Two: The push for more infrastructure spending.
Number One: The moderation of construction costs.
In short, now is the time to build, says Carrick, in order to take advantage of lower costs and increased availability of material and manpower.
“The advantage of building now is the story that most major associations in the industry should and will be promoting as strongly as possible in the marketplace as the year progresses,” says Carrick.
| MOST POPULAR STORIES |
- New technology allows concrete to come clean
- Ontario architects, general contractor associations issue joint HST bulletin
- Pursuit of LEED could result in professional negligence, insurance executive warns
- Ground broken on the Cathedral Centre in Toronto
- Highway construction crew uncovers ancient B.C. glacier
- 20 Most Popular Stories
| TODAY’S TOP CONSTRUCTION PROJECTS |
These projects have been selected from 316 projects with a total value of $3,217,267,405 that Reed Construction Data Building Reports reported on yesterday.
$1,300,000,000 Ottawa ON Prebid
TRANSIT AND STORAGE YARD FACILITY
$100,000,000 Ottawa ON Prebid
$65,000,000 Toronto ON Negotiated
| CURRENT STORIES |
- St. Marys Cement plant workers go on strike in Bowmanville, Ontario
- Province holding information sessions on new Ontario accessibility standard
- Work continues on Market Wharf condo in Toronto
- Chilliwack Cultural Centre project sets tilt-up concrete record
- Pursuit of LEED could result in professional negligence, insurance executive warns
- U.S. construction unemployment could get even worse
- SNC-Lavalin subsidiary Profac under scrutiny over federal contract billing
- As prices surge, China may raise interest rates
- Canadian soldiers repair blown-up bridge in Afghanistan
- Canadian Mechanical Contracting Education Foundation offering Gold Seal course for supervisors
- Slovak construction minister sacked amid corruption scandal
- Government takes over Northwest Territories P3 bridge project
- Canadian construction experts visit earthquake-ravaged Haiti
- Winnipeg gets new water treatment plant
- Weighing in on the Tercon Contractors appeal decision
- Construction restarting on hospital in Fort St. John, British Columbia
- In new movie, Hamilton construction worker becomes ‘Defendor’ at night
- ‘Quality product cannot come from cutting corners on safety’
- Shop owner suing VANOC over pre-Olympics road construction disruptions
| ALEX’S ECONOMICS BLOG |
Reed Construction Data Chief Economist Alex Carrick discusses current developments in the North American economic environment with emphasis on the construction industry.
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